Villere ST Denis J & Co. LLC reduced its stake in shares of Schlumberger Limited. (NYSE:SLB) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,726 shares of the oil and gas company’s stock after selling 1,350 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Schlumberger were worth $7,917,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. MUFG Securities EMEA plc increased its holdings in shares of Schlumberger by 144.0% in the fourth quarter. MUFG Securities EMEA plc now owns 237,926 shares of the oil and gas company’s stock valued at $8,584,000 after purchasing an additional 140,403 shares during the period. Lee Danner & Bass Inc. increased its holdings in shares of Schlumberger by 11.4% in the fourth quarter. Lee Danner & Bass Inc. now owns 128,987 shares of the oil and gas company’s stock valued at $4,654,000 after purchasing an additional 13,203 shares during the period. Meyer Handelman Co. increased its holdings in shares of Schlumberger by 3.5% in the fourth quarter. Meyer Handelman Co. now owns 216,869 shares of the oil and gas company’s stock valued at $7,825,000 after purchasing an additional 7,328 shares during the period. Washington Capital Management Inc. increased its holdings in shares of Schlumberger by 11.3% in the fourth quarter. Washington Capital Management Inc. now owns 28,700 shares of the oil and gas company’s stock valued at $1,035,000 after purchasing an additional 2,910 shares during the period. Finally, Inlet Private Wealth LLC acquired a new position in shares of Schlumberger in the fourth quarter valued at about $496,000. 79.29% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on SLB shares. Royal Bank of Canada set a $58.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Friday, January 18th. SunTrust Banks increased their price objective on Schlumberger to $53.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Goldman Sachs Group started coverage on Schlumberger in a report on Sunday, March 10th. They issued a “buy” rating and a $55.00 price objective on the stock. Barclays cut their price objective on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Finally, Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.16.
Shares of SLB stock opened at $39.86 on Friday. The company has a market cap of $54.48 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. Schlumberger Limited. has a 12-month low of $34.99 and a 12-month high of $75.43.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.82 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. Schlumberger’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, research analysts predict that Schlumberger Limited. will post 1.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 dividend on an annualized basis and a yield of 5.02%. Schlumberger’s dividend payout ratio is currently 123.46%.
In other Schlumberger news, CFO Simon Ayat sold 25,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $46.10, for a total transaction of $1,152,500.00. Following the transaction, the chief financial officer now owns 255,971 shares in the company, valued at $11,800,263.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Juden sold 8,643 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.29, for a total value of $374,155.47. Following the transaction, the insider now owns 70,260 shares in the company, valued at approximately $3,041,555.40. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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